Top Names, 6/22/2023
Continuing our core strategy. Plus, a note about banks.
A Brief Bank Update
Before we get to this week’s top ten names, a couple of quick notes on the banking situation.
Usage of the Federal Reserve’s post-Silicon Valley Bank emergency bailout program, the BTFP, hit another record high.
The ETF that tracks regional banks looks like it might be rolling over, having just dropped below its 50-day moving average.
If so, that should be good news for our bets against regional banks.
The Regional Banks Most Likely To Go Bust
Los Angeles’s Far East Bank gets a large, unscheduled withdrawal (Heat, 1995). Finding The Banks Most Likely To Go Bust In a post earlier this month, I mentioned a conversation I had with a bank expert about finding the banks most likely to go bust.
Now onto this week’s top names, where we have a few biotech companies on the list this week.
This Week’s Top Names
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